Great strategy that no financial planner, advisor ever discusses or admits too because the simplicity and perfection of this strategy is beneath most if not all so called financial professionals . This strategy can be a gold mine if it fits your specific needs. Keep turning the annuity industry upside down , Stan , with sheer brilliance , honesty and consumer advocacy
Absolutely! I'm thrilled you appreciate this strategy's simplicity and effectiveness. Tailoring financial approaches to individual needs is key. Thanks for the support!
Interesting concept. I am going to research this SPIA product for future reference. For the next few years I will probably just keep my MYGA ladder in place and choose specific MYGA policies that allow for annual "penalty free" withdrawals in case of emergency. That would seem to give me more control over the principle and the amounts annually withdrawn to have full flexibility on my Tax Brackets. Keep up the good work Stan.
Thanks for the helpful info! Annuities (except for MYGAS) are contractually guaranteed income streams - not investments where you take the chance that the investment will increase. It's really not a difficult concept to understand.
thanks for the video, no fee approach till your ready to annuitize and get income for life, with the myga's you can tap up to 10 precent per year with no penalties. i have a myga expiring at 60 which i'll renew and another myga expiring at 65. thie myga's pay compounding interest.
If I were to contract for a MYGA separately or independently from a MYGA-2-SPIA, but elected to convert the MYGA, at expiration, to a SPIA...what would I lose? The tickler 60 days out from MYGA expiration is probably something you do for your customers in either case, correct?
This sounds great -- My questions is: If I buy a MYGA for lets say 7 years intending to follow this strategy and I out live Stan the Annuity Man (how sad) -- Do you have Stan the Annuity Man junior or a young Sally the Annuity Lady who will be there to help me -- since I'm planning to live more than 7 years.
Of course! We have a full team that will carry on the legacy. If you have any questions, don’t hesitate to book a call with us: www.stantheannuityman.com/book-a-call/
The SPIA is just using your own money (the principle) - annuitized. When your principle runs out, the insurance company is on the hook to use its money to continue paying you. In that respect, just like the Income Rider. Correct?
I guess the only advantage of attaching an income rider to a MYGA is that we know exactly the amount of payouts during the withdrawal period? With the MYGA to SPIA strategy, we would not know the exact amount of payouts from SPIA until we transfer the MYGA to a SPIA
If your goal is to have a guaranteed income stream for life, as both an income rider and SPIA give you that income stream for life even as the amount goes to zero, why would I buy a FIA and attach an income rider for this feature and pay that yearly fee for the life of the FIA vs just buying the SPIA? I get the SPIA is irrevocable but so is the FIA in the sense that you would not revoke it as you want the lifetime income, and you only get it if the FIA is active.
Interesting video. But what if you put $100k in an S&P 500 fund and just take the yearly gains over the $100k invested? It’s up seven of the last 10 years.Two of those were up 27% and 28% respectively.
The years it is down, you have no income and may lost a good chunk of principle. Then you may set several more years, without income, trying to recoup the principle. Not ideal for someone older wanting steady income in their old age.
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Great strategy that no financial planner, advisor ever discusses or admits too because the simplicity and perfection of this strategy is beneath most if not all so called financial professionals . This strategy can be a gold mine if it fits your specific needs. Keep turning the annuity industry upside down , Stan , with sheer brilliance , honesty and consumer advocacy
Absolutely! I'm thrilled you appreciate this strategy's simplicity and effectiveness. Tailoring financial approaches to individual needs is key. Thanks for the support!
Best annuity education videos on RUclips
I’m glad you’re enjoying the videos! Thanks for watching.
Interesting concept. I am going to research this SPIA product for future reference. For the next few years I will probably just keep my MYGA ladder in place and choose specific MYGA policies that allow for annual "penalty free" withdrawals in case of emergency. That would seem to give me more control over the principle and the amounts annually withdrawn to have full flexibility on my Tax Brackets. Keep up the good work Stan.
Great idea! If you have any questions regarding your annuity, don’t hesitate to book a call with me:
www.stantheannuityman.com/book-a-call/
I use this strategy with a MYGA ladder. Love it. Please be clear that interest from a MYGA is tax DEFERRED (unless it’s in a Roth account).
I’m glad you love the strategy! Thanks for watching.
This is the route I probably will take. Makes all the sense in the world in my opinion for my own situation. Thanks Stan!!!
Thanks for watching!
Thanks for the helpful info! Annuities (except for MYGAS) are contractually guaranteed income streams - not investments where you take the chance that the investment will increase. It's really not a difficult concept to understand.
Great point! Thanks for watching!
thanks for the video, no fee approach till your ready to annuitize and get income for life, with the myga's you can tap up to 10 precent per year with no penalties. i have a myga expiring at 60 which i'll renew and another myga expiring at 65. thie myga's pay compounding interest.
Great insight! If you have any questions, don’t hesitate to reach out:
www.stantheannuityman.com/book-a-call/
If I were to contract for a MYGA separately or independently from a MYGA-2-SPIA, but elected to convert the MYGA, at expiration, to a SPIA...what would I lose? The tickler 60 days out from MYGA expiration is probably something you do for your customers in either case, correct?
For me to give you an answer about your specific situation, please feel free to book a call with me!
www.stantheannuityman.com/book-a-call/
This sounds great -- My questions is: If I buy a MYGA for lets say 7 years intending to follow this strategy and I out live Stan the Annuity Man (how sad) -- Do you have Stan the Annuity Man junior or a young Sally the Annuity Lady who will be there to help me -- since I'm planning to live more than 7 years.
Of course! We have a full team that will carry on the legacy. If you have any questions, don’t hesitate to book a call with us:
www.stantheannuityman.com/book-a-call/
The SPIA is just using your own money (the principle) - annuitized. When your principle runs out, the insurance company is on the hook to use its money to continue paying you. In that respect, just like the Income Rider. Correct?
For me to give you an answer about your specific situation, please feel free to book a call with me!
www.stantheannuityman.com/book-a-call/
Stan, in this video you say that with a FIA you know how much it will earn. I thought the interest fluxuates in a FIA.
Great question, please feel free to book a call with me to discuss:
www.stantheannuityman.com/book-a-call/
I guess the only advantage of attaching an income rider to a MYGA is that we know exactly the amount of payouts during the withdrawal period? With the MYGA to SPIA strategy, we would not know the exact amount of payouts from SPIA until we transfer the MYGA to a SPIA
An income rider is not attached to a MYGA. It's attached to a fixed income annuity (FIA).
For me to give you an answer about your specific situation, please feel free to book a call with me!
www.stantheannuityman.com/book-a-call/
If your goal is to have a guaranteed income stream for life, as both an income rider and SPIA give you that income stream for life even as the amount goes to zero, why would I buy a FIA and attach an income rider for this feature and pay that yearly fee for the life of the FIA vs just buying the SPIA? I get the SPIA is irrevocable but so is the FIA in the sense that you would not revoke it as you want the lifetime income, and you only get it if the FIA is active.
For me to give you an answer about your specific situation, please feel free to book a call with me!
www.stantheannuityman.com/book-a-call/
Interesting video. But what if you put $100k in an S&P 500 fund and just take the yearly gains over the $100k invested? It’s up seven of the last 10 years.Two of those were up 27% and 28% respectively.
The years it is down, you have no income and may lost a good chunk of principle. Then you may set several more years, without income, trying to recoup the principle. Not ideal for someone older wanting steady income in their old age.
@@griffinreitz7041 Nailed it! It can be a risk for an older person.
good video. whats that on your chin?
Thanks for watching! It’s the annuity goatee!